NZDCAD reached a major daily structure resistance.
after a strong bullish wave the price has stopped on that and we see clear weakening signs:
we see multiple rejection on hourly and double top formation with a lower high.
0.8973 is its support.
I want to see hourly violation of that to initiate short position.
goals:
0.894
0.8904
in case of a new higher high above current tops, setup will be invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.